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Bearish Engulfing Candlestick Pattern Hindi
5 Views • Aug 16, 2016
Description
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Bearish Englufing Candlestick Pattern is a Pattern formed by two Candlesticks after a upward trend and Consolidation. Bearish Engulfing is a a Bearish Reversal Pattern if and only if it appears when the Market is trying to find it's high and hits it's resistance.
Formed by two Candles, the first Candlestick is a Bullish candle from the following up trend, the 2nd Candlestick is a Bearish Candle that Engulfs, rather Eclipses the 1st bearing candle body, and closes near it's high.
It's kind of a Statement in style by the Sellers i.e. the Bears, that we have arrived and no more rising Prices. In the Tug of war between the buyers and the sellers, Bearish Engulfing Candlestick formation comes as a Statement of assertion by the Bears.
If used in conjunction with Relative Strength Index, Stochastic or any other Oscillator, Bearish Engulfing candlestick Pattern can be a good tool in your trading kit.
Beware, not to jump into conclusion mid way, if there is no preceding up trend, these two can be just another candles and do not constituted a pattern...
All the best and do watch the RSI video that can help you a lot with this Candlestick tools.
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